The business financing platform's latest financing included a $176m series C round featuring GMO, Synchrony, Allianz X, Recruit Strategic Partners and MUFG Innovation Partners.

US-based business payment platform developer Fundbox raised $326m in equity and debt financing yesterday from investors including internet company GMO, financial services provider Synchrony and subsidiaries of corporates Recruit, Mitsubishi UFJ and Allianz.

The $176m series C equity portion of the round also featured Healthcare of Ontario Pension Plan, HarbourVest, 9Yards Capital, Hamilton Lane, Cathay Innovation, Arbor Ventures, Khosla Ventures, General Catalyst, Spark Capital Growth and clients of SEB Private Equity.

Insurance group Allianz, human resources provider Recruit and financial…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.